Deutsche Börse launched world’s first neutral trading venue for “cloud computing”

Deutsche Börse launches Cloud Exchange, a marketplace for trading outsourced storage […]

July 2, 2013

Deutsche Börse

Deutsche Börse launches Cloud Exchange, a marketplace for trading outsourced storage and computing capacity.

Deutsche Börse will launch a trading venue for outsourced storage and computing capacity in the beginning of 2014. Deutsche Börse Cloud Exchange AG is a new joint venture formed together with Berlin-based Zimory GmbH to create the first neutral, secure and transparent trading venue for “cloud computing” resources. The primary users for the new trading venue will be companies, public sector agencies and also organisations such as research institutes that need additional storage and computing resources, or have excess capacity that they want to offer on the market.

“With its great expertise in operating markets, Deutsche Börse is making it possible for the first time to standardise and trade fully electronically IT capacity in the same way as securities, energy and commodities,” said Michael Osterloh, Member of the Board of Deutsche Börse Cloud Exchange.

As the first international, vendor-neutral marketplace of this type, Deutsche Börse Cloud Exchange will set and monitor standards regarding the product offering, admission procedure, changes of provider and guaranteed purchased capacity. Clients will be able to choose capacity providers freely, as well as select the jurisdiction that will apply to the outsourced data. The product offering will initially include outsourced storage capacity and computing power.

Product standards and technical provision will be developed in close cooperation with potential marketplace participants and related parties. These parties include representatives from the traditional IT environment, national and international SMEs, and large corporations from a wide range of industries, such as CloudSigma, Devoteam, Equinix, Host Europe, Leibniz- Rechenzentrum, PROFI AG, T-Systems and TÜV-Rheinland.

“The cloud marketplace of Deutsche Börse offers companies a further choice to purchase top secure and tested cloud-services from T-Systems. Due to the high level of standardization this will all be done with great speed and efficiency and with up-to-date prices”, said Frank Strecker, responsible for the cloud business of T-Systems.

Founded in May 2013, Deutsche Börse Cloud Exchange AG is a joint venture of Deutsche Börse and Zimory, a Berlin-based specialist in cloud management that ensures that the users connected to the marketplace have easy access to the cloud capacity they have purchased.

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